Please enable javascript to view this page in its intended format.

Queen's University
 

Pension Plan Fund rate 16% through July 2014

Canadian equity returns lead the way again in July, resulting in a modest gain of about 0.3% to the Fund (net of fees) – the Fund’s 13th consecutive positive month. Overall performance was mixed, however – returns were 45 basis points (0.45%) below the benchmark return for the month and 0.83% above the benchmark for the 12-month period ending July 31, 2014.

The net return after the first 11 months of the plan year stands at 16.0117% (September 1, 2013 through July 31, 2014).

Note that the current fund rate, which is calculated monthly based on reports from both our managers and the Plan's trustee, is now used to determine final values for members who decide to initiate pension benefit payments as well as for those who elect to transfer their account balances following termination or retirement. Active and deferred member balances are updated once each year based on the fund rate of return following our year-end of August 31.

For more information, please contact the Pensions & Insurance Unit of the Department of Human Resources.

Queen's Human Resources
Fleming Hall, Stewart-Pollock Wing
Kingston, Ontario, Canada. K7L 3N6.
T: 613.533.2070 | F: 613.533.6196
hradmin@queensu.ca